who owns port of tauranga

But the port company is the jewel in the crown. Carter Holt owns pulp and paper mills at Tokoroa, Kawerau and Whakatane. Craigs Investment Partners head of wealth research, Mark Lister, says the strategy has been executed "very well". Port of Tauranga is exactly the opposite.". If you run it commercially the market will sort itself out," he says, noting official statistics which say 70 per cent of New Zealand's export-import demand comes from the Waikato and north. Lyttelton Port was listed between 2008 and 2013 when the Christchurch City Council repurchased the shares. But it doesn't sound as though any associate firm or subsidiary which sprang a surprise which affected continuous disclosure would get to do it twice. The vessel SPIRIT OF MELBOURNE (IMO: 9362413, MMSI: 232013521) is a Container Ship that was built in 2007 ( 13 years old ). There is capacity to nearly triple current cargo volumes by developing another 40 hectares of waterside land it owns. Adjacent to the Tauranga Eastern Link expressway and within easy reach of the populous central North Island, the Rangiuru Business Park provides unparalleled access to international markets through direct road and rail corridors to Port of Tauranga – the best port in New Zealand and one of the most efficient in the world. Jewel in the crown. Home; Parking. "I like the transparency that every dollar you spend is not your own. The Port of Tauranga currently owns 50.1% of TLC and is buying the remaining 49.9% that partner Kotahi Logistics LP Ltd has held since 2014. The Port believes container throughput could more than double in the coming years through land reconfiguration, stacking cranes and other technology. ", • Job: Chief executive, Port of Tauranga for 13 years• Age: 56• Born: Napier• Interests: diving, fishing, sailing, "mad petrolhead"• Previous roles: Chief executive, Toll Owens; chief executive, Owens Cargo Co• Family: Married, two children, • 11th largest company in NZX50• Market capitalisation $3.5 billion• 22 million tonnes cargo a year • NZ's biggest container port • Subsidiaries and associates include: 50% of PrimePort Timaru; 50% of Timaru container terminal; 50% of Northport, Mighty Ape sold to Aussie retailer in $128m deal, NZ smartphone market: Who's up, who's down, Opponents lose Appeal Court attempt against Waiheke's first commercial marina, Former high-cost lender hit with ComCom warning, Lockdowns and road cones: Auckland's stuggle to recover during challenging year, South Auckland shootings: Man arrested after explosives found in raid. The Northland Harbour Board first proposed a container port at Marsden Point in the 1960s, at which time Whangarei was served by Port Whangarei, in the upper harbour near the city. Tauranga Airport features a new check-in area, open space seating, extended views to the runway, and a new café, providing a welcoming space for passengers and visitors. Quayside has assets of over $2.6 billion, including a 54% stake in the Port of Tauranga, as well as other real estate, share and commercial investments. "But I think our investors must like us if they're happy to buy and hold". One day his blue Holden was parked in Port Rd when Beach Hop organiser Noddy Watts walked past. Steve is currently the Chief Financial Officer, having held that position since 2007 and been with Port of Tauranga for 31 years in financial management of the Port. He likes the fact that the share register has plenty of mum and dad investors. Providing access was only part of the job. The vessel's current speed is 14.8 Knots and is heading at the port of TAURANGA. The Port of Tauranga’s dividend policy is to steadily increase dividends year on year consistent with Company performance. It's been a drag on ratepayers. "I've always said that if ports simply priced an investment to achieve a cost of capital return, a natural hierarchy of ports would emerge quite quickly. Napier Port is proud to be the shipping gateway connecting the centre of New Zealand with the people and markets of the world. Photo / File. IBISWorld provides company profiles on the top 2,000 organisations that drive Australia’s economy. The port also had to ensure its operations on land could handle the expected big increase in cargo, particularly containers, and that long-term contracts were secured with the likes of Oji Fibre Solutions, Kotahi (dairy) and Zespri (kiwifruit) to continue to drive container volumes to the port. Morrison, who owns and operates Pak’n Save Tauriko at the centre, says the store has already outperformed his expectations. Cairns and his team are well down the track with planning its growth for the next decade. "The moment I get a feeling from the board or shareholders that it's time for a fresh set of eyes, I'll be off and pursue a professional director career. "You'd never catch them making the sorts of decisions that don't have financial discipline behind them and that's been to the benefit of all the retail investors that have done very well out of the port over the years. This despite the Ports Company Act requiring a port to be operated as a successful business. Lister doesn't pull his punches: "Some of those council-owned ports across New Zealand are an embarrassment in terms of their returns to ratepayers or being run efficiently.". Tauranga Container Terminal 1129 So what makes a bloody good fisherman? Port of Tauranga owns 190 hectares of land on both sides of Tauranga Harbour, with about 40 hectares still available for development. The Port of Melbourne is the largest port for containerised and general cargo in Australia. Port of Tauranga – New Zealand's Port for the Future. Cairns says he has a "fantastic" chief financial officer in Steve Gray, CFO of the year in Deloitte's Top 200 awards last year. It's coming up for seven years since the container ship Rena grounded on the Bay of Plenty's Astrolabe Reef, but it feels like yesterday to Cairns, who says it was "a dark time". "If you look at this [2018 year] result, most of the growth in containers has come from trans-shipments – containers from other ports around the country. The Napier Port will join Port of Tauranga on the NZX. Tony was appointed to the board in November 2014. The Port of Tauranga (POT) already owns 50.1 per cent of the country’s largest containerised freight managing company it set up in 2013 to … Getting out on the water is his stress release. Cairns has just delivered listed Port of Tauranga's record result for the 2018 year. Trade Me is an internet auction website operating in New Zealand.Managed by Trade Me Ltd., the site was founded in 1999 by New Zealand entrepreneur Sam Morgan, who sold it to Fairfax in 2006 for NZ$700 million. Port of Tauranga. Establishing an intermodal freight hub at Rolleston will provide South Island exporters with the option to efficiently access Timaru and similarly, importers in the Christchurch area will have the option to ship through Timaru. The latest financial results showed the hub port role gaining momentum, with trans-shipments from other New Zealand ports and Australia up 23.3 per cent on the previous year, container volumes up 8.9 per cent, a 13.7 per cent lift in imports and an 8.2 per cent rise in exports. The estimated time of arrival as calculated by MyShipTracking vessel tracking app is 2020-12-04 05:05 LT . "He said 'who owns the Holden? The port company owns 190 hectares, compared with Ports of Auckland's 75ha, and within that land holding Tauranga has 40ha, presently on short term rental, available for development. He says his career reward comes from developing people, by giving them the resources, promotion and opportunity to achieve above their personal expectations. Contact 1: +64 7 572 8731: Contact 2: +64 7 572 8765: … "Compare it with the 100 per cent [council] ownership of the Ports of Auckland. The Port of Tauranga is 54% owned by the Bay of Plenty Regional Council. "For a company of our size with a $2.5 billion market cap at the time, to embark on a $350m capital expansion programme was a big commercial risk. Menu. PORT OF TAURANGA. Steven Gray. Port of Tauranga. Tony is a former senior executive of the Port of Tauranga with 30 years’ experience in port developments, property, and commercial contracts. MetroPort, located in Auckland’s industrial, warehousing and distribution area, was set up in 1999 by the Port of Tauranga. Port of Tauranga owns a 50% shareholding in PrimePort Timaru and operates its container terminal. We welcome your suggestions on … It's sailing under the flag of [GB] United Kingdom. Quayside Holdings, which owns 54.2 percent of Port of Tauranga, reported a 62.4 percent drop in first-half net profit, reflecting losses on its equity portfolio. The New Zealand port sector isn't for the fainthearted. The container story shows that's not the case. That multiple makes the stock expensive he says. Back in his office overlooking the waters off Mt Maunganui after briefing analysts in Auckland and Wellington, he can take a breath and happily contemplate donning his scuba gear for the start of the scallop season, and summer fishing at his favourite spot off Motiti Island, 12 nautical miles away. "I don't think it'll be in FY19, but pretty sure there's growth there in cargo in FY20 for us.". "It was a lot of money and the board put a lot of commercial tension around it.". Dependent on the level of imputation credits attached to dividends, the Company will pay supplementary dividends to non residential shareholders. It is developing an intermodal freight hub in Rolleston. Port of Tauranga Limited - Financial Statements. Phone: +64 7 572 8761: Fax: +64 7 546 9685: Email: Metroport Auckland. And he likes the commercial approach to business that a mixed ownership model requires. The 5,500 square metre store employs around 140 staff and thanks to Tauranga Crossing’s positioning near three major highways, welcomes customers from a total trade area of 284,370 shoppers. Virtually all our growth has come from catchments outside the Bay of Plenty region. Lots of practice," says Cairns, who has spent 13 years helming the port company, 54 per cent owned by the Bay of Plenty Regional Council. "People say this container port strategy is a lot of rubbish, that exporters in Napier and Lyttelton will always use a direct service to market. We had to back ourselves to attract that cargo. Trade Me was publicly listed as a separate entity … "For the local council it's been an exceptional investment.". Port of Tauranga is New Zealand’s largest port by volume of cargo and New Zealand’s international freight gateway. "It doesn't allow a rational and logical supply chain to develop. "I've had a pretty good innings. "These big ships and their economies are just too well established now. More than 90 per cent of staff own shares in the company. • Port of Tauranga’s purchase includes all plant associated with the container terminal including cranes, forklifts and mobile plant • Port of Tauranga will, through a wholly owned subsidiary, the Timaru Container Terminal Limited, lease and operate the container terminal. More immediately, discussions are under way with potential new import car customers, and dairy and bottled water exporters in the eastern Bay of Plenty. While the event was outside the port's control and jurisdiction, it copped blame from locals as their beaches and waters were sullied with oil, containers and debris, and businesses as well as wildlife suffered. ', I … Advertisement. MPI Approved transitional Facility Number: The company owns three purpose-built tugs and two pilot launches. Mostly initially from Auckland through [our] Metroport then through the big ship strategy. At 56, I don't feel I've got another CEO gig in me (at a different company). We hold investments in other New Zealand ports, stevedoring, marshalling and logistics companies. The Northland Port Corporation was formed in 1988 to take over the commercial port assets of the Northland Harbour Board, and it entered a joint venture with Port of Tauranga Ltd in 2000 to establish Northport Ltd . In 2013, Port of Tauranga entered into a strategic alliance with PrimePort Timaru. He currently chairs Rangatira Ltd, Douglas Pharmaceuticals Ltd, Northport and Port of Tauranga Ltd. David is also currently a trustee of New Zealand Community Trust. Click here for appointment times and locations: Website Designed by Wave Design & developed by eLogic. Port of Tauranga Limited receives from the … I feel incredibly privileged to have had this opportunity. It's chalk and cheese," he says. Jon Safey. It's shareholders' money. It's 11 days from here to North Asia.". ". Cairns makes no bones about how much was on the line. LEARN MORE. Lister says Port of Tauranga is a fine example of how the public-private ownership model can work really well. There have been a few of those stresses in recent years. Asciano is a major Australian transport operator with revenue of A$3.4 billion in the year to June 2012. Advertise with NZME. Next Port Tauranga Receiving Tauranga Receiving (Hazardous) Tauranga Receiving (Reefer)* Tauranga Cut-Off; MSC CORINNA (CRN) KE045A: KE045R: KEX: Nelson: 21-Nov-20 11:00: 26-Nov-20 14:05: 27-Nov-20 05:05: Tanjong Pelepas: 14-Nov-20 11:00: 24-Nov-20 13:30: 15-Nov-20 00:01: 24-Nov-20 10:00: MAINE TRADER (MTR) 021: 022: NZS: Napier: 26-Nov-20 19:00: 27-Nov-20 07:05 : 28-Nov-20 11:13: Port … "Ports of Auckland has basically been subsidised by poor old Auckland ratepayers for a long time, continuing to under-perform and under-deliver. The strategy is paying off. The Tauranga Energy Consumer Trust, which owns 26.8% of Trustpower, also deserves an honourable mention, having distributed dividends of about $400 million to consumers and community groups since 1993. Cairns always aimed to head a publicly listed company. No-one could call the water sports fan and petrolhead a big noter. We hold investments in other New Zealand ports, stevedoring, marshalling and logistics companies. "Seems to be when you cast your lines off, you leave all your stresses on land.". Mount Maunganui 2740, First Quarter Cargo Volumes Impacted by Covid-19, Port of Tauranga to issue $100 million of wholesale bonds, Port of Tauranga Chief Executive Announces Retirement, Revised Rules for Port Workers' COVID-19 Testing. Supplementary dividends offset the effect of non-resident withholding tax. There will come a time I'd love to see we've been able to grow a chief executive within the company. He currently holds a number of directorships in port related companies. Cairns: "A lot of people say running a port is an easy job because it has a natural monopoly in geographic catchment of cargo. It operates wharves at Tauranga, Mount Maunganui and Timaru, as well as MetroPort, a rail-linked inland port in South Auckland. He recalls a former boss, the late Sir Robert Owens, saying "if you don't make a mistake from time to time, you're not trying hard enough.". But judging from the claim on his CV that he's a "Bloody Good Fisherman", the Port of Tauranga chief executive's right brain - home of emotional expression - is also in good working order. The aim is to handle up to 3 million containers a year. Port of Tauranga chief executive Mark Cairns. Pilot and towage services are also provided at the port. Jon Safey is a Nelson based Professional Director and Consultant. The analysis was gruelling and the commercial risk was high. Ports of Auckland owns a fifth of Marsden Maritime Holdings, which owns the port at Marsden Point. Phone: +64 7 572 8888: Tauranga Container Terminal. This site has been developed to keep our customers, our business partners, our shareholders and our community up to date with what’s happening at Port of Tauranga. In late 2016, following completion of dredging to deepen and widen the port's shipping channels, the first of the monster ships tied up at Tauranga, the only New Zealand port able to accommodate them on international services. Cairns says he has a "fantastic" chief financial officer in Steve Gray, CFO of the year in Deloitte's Top 200 awards last year. The port also gets wrongly blamed for the traffic congestion that has come with Tauranga's explosive growth, says Cairns. We've made great strides with getting rail to work for us properly. The bid was successful, and the port is now 100% owned by the Auckland Council, successor of the Auckland Regional Council and other local authorities. "Practice. An unpublished feature of the strong financial result was an offer to staff of an interest-free loan for three years to buy $5000 worth of shares at a 30 per cent discount. Cairns, 56, isn't the one making a meal of his qualifications. COVID-19 information: Face coverings are required on all New Zealand domestic flights from 19 November 2020 until further notice. Mark Cairns' brain is geared to the left side - logic, physics and maths, all the stuff that makes an engineer. Port of Tauranga Ltd chief executive Mark Cairns said the agreement was beneficial for both parties. Contact. Cairns says that, at a time when the company is trading on a price-earnings multiple of nearly 40, "the last thing you want to do is under-shoot your guidance". We welcome your suggestions on how we can improve or expand the information we have available. Manager: +64 9 583 9688 (internal ext 90688) Email: Shuttle Select. She’s been with Port of Tauranga, New Zealand’s largest and most efficient cargo gateway, since 2019 and absolutely loves it. Search × Search. But they're a mix worth exploring, when working out what makes him tick. Northport Ltd, the operating company of the port at Marsden Point, is jointly owned (50:50) by Port of Tauranga and Marsden Maritime Holdings. Port of Tauranga is exactly the opposite." After studying in Wellington for three years, Rachael moved back to the sunny Bay of Plenty to pursue a career in HR. We are the most horizontally and vertically integrated port in the country. It accounts for 43% of the Bay’s gross regional product and 6.6% of New Zealand’s GDP. "Surprises really infuriate me," says Cairns. Recruiters say engineers make particularly effective chief executives, and Cairns, who has a bachelor of engineering (civil) with first class honours, says he's always been more interested in building people than building bridges. Lister says Gray has been a "very capable right-hand man" for Cairns. This week Port of Tauranga raised $100 million through a five-year fixed-rate wholesale bond issue at just 1.02 per cent. With the falling dollar, fuel prices and bunker fuel will go up, which will make the big ships even more attractive.". So what's next for this company, which Lister says has delivered "an exceptionally good" track record of earnings and dividend growth? The port company owns 190 hectares, compared with Ports of Auckland's 75ha, and within that land holding Tauranga has 40ha, presently on short term rental, available for development. "There's quite significant cargo potential there," says Cairns. That's proven not to be the case. We're continuing to work hard to keep the supply chain running as we move to COVID-19 Alert Level 2. The critics, of course, are other ports. It's tough to make a margin and sniping and rivalry is fierce among the 13 ports - far too many, some would say. 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